Waterfront - Fixer Upper
Address
229 Pescayo Avenue, Marathon, FL
Price
$ 2,399,000
Property Attributes
- MLS#619881
- TypeSingle Family
- Listing Status Active
- CountyMONROE
- CityMarathon
- AreaEast of Holiday Inn US #1 & Coco Plum
- NeighborhoodCoco Plum Beach
- Zip33050
- StyleSingle Family
- Year Built2023
- Taxes$ 13262
- Price$ 2,399,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage2040
- Lot Size0.38 Acres
Data Source:
Florida Keys MLS (FLKMLS)
Property Description
Looking for the best of both worlds? Enjoy your vacation home and let it pay for its self when your not. Since January 2024, 229 Pescayo has hosted 113 stays across 860 guest nights and generated $512,831 in accommodation revenue.An incredible 88% occupancy rate4.96 / 5.0 guest ratingFully furnished, income-generating from day one -- zero ramp-up periodThis isn't a fixer-upper with 'potential.' It's a proven, cash-flowing short-term rental with the reviews, occupancy, and forward bookings to prove it -- built in 2023 and already established as one of the area's busiest vacation rentals.Why It Performs:Every finish was chosen to drive nightly rate and occupancy, not just curb appeal. Boaters and premium-amenity guests are the target market, and the property is built to convert them into repeat bookings:72' of deep-water dockage, water & electric at dock, outdoor lightingLess than 10 minutes to open water & Vaca Cut for Gulf accessHeated pool with paver deckingCovered entertaining area + large covered upper terrace for shaded, salt-air living240V EV charger800 sq ft storage enclosureAluminum gated vehicle access + security camerasThe Property:Double doors open into an open-concept kitchen and living space -- quartz countertops, tile backsplash, built-in wine cooler, and tile flooring throughout. Four master suites, each with a private bath, plus an additional half bath for guests. Sold fully furnished -- dishes, linens, smart TVs, all of it.Bottom Line:No lease-up, no renovation, no guesswork on rates. Bring your boat -- the income is already running.
| Price History | |
|---|---|
| 5/22/2026 | Listed $2,500,000 |
| 6/23/2026 | 2$2,450,000 |
| 8/1/2026 | 3$2,399,000 |
General Features
| Living Area | 2040.00 |
|---|---|
| Construction | CBS |
| Utilities | FKAA,Water Separate Meter,Elect Separate Meter |
| Roof | Metal Roof |
| Appliances | Washer,Stainless Steel Appliance(s),Wine Cooler,Disposal,Microwave,Oven,Refrigerator,Dishwasher,Dryer |
| Zoning | RH - Residential High |
| HOA Fee | 0.00 |
| Pets Allowed Y/N | Pets Allowed |
| Status | Active |
| Full Baths | 4 |
| Half Baths | 1 |
| Year Built | 2023 |
| Subdivision | Coco Plum Beach (54.5) |
| Style | Single Family |
| View | Canal View |
| Property Type | A |
| Neighborhood Feature | Beach,Bike Paths |
| Fee Includes | None |
| Acres | 0.38 |
| Lot Sqft | 10907.00 |
| Rental Allowed | Yes |
| Building Style: Above Flood | Yes |
| Building Style: Stories | 1 Story |
| Control Depth | 6 |
| Dockage: Dock | Composite |
| Dockage: Dock Length | 72 |
| Virtual Tour | https://idx.paradym.com/idx/4968799 |
| Min Rental Days | 7.00 |
| License Info: # of City License | 1 |
Interior Features
| Interior Amenities | Split Bedroom,Smoke Alarms,Quartz Countertops,Window Treatments,Storage |
|---|---|
| Furnished Y/N | Furnished |
| Flooring | Tile |
Exterior Features
| Exterior Amenities | Lighting,Storage |
|---|---|
| Pool | Yes |
| Waterfront | Canal Front |
| Lot Size | X |
| Land Size | Less Than 1/4 Acre |
| Pool Info | In Ground,Decked,Concrete |
| Pool Info: Heated | Yes |
| Porch/Balcony | Open Porch/Balcony |
| Public Sewer Hookup | Yes |
| Side | Ocean |
| Vehicle Storage | Carport,Covered Parking,Guest Parking,Open Parking |
| Windows/Doors | Impact Rstnce Window,Impact Rstnce Doors |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33050
Price
Taxes
Year Built
Visits
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Updated on September 14, 2026 6:49 AM UTC
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Information is deemed to be reliable, but is not guaranteed. © 2026 MLS and FBS. Prepared by Florida Keys MLS, Inc. on September 14, 2026 7:24 AM UTC The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
